718 Longfellow Rd, Anderson, IN, 46011 | $195/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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718 Longfellow Rd, Anderson, IN, 46011 | $195/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Anderson at 718 Longfellow Rd, Anderson, IN, 46011 priced at $209,900 pairs $1,455/mo rent with $195/mo cash flow after a $1,027/mo payment. Total monthly income equals $1,455/mo, and annual cash flow comes to $2,344/yr on $69,582 invested. Return on cash invested is 23.28% in year one, and rental yield stands at 8.32% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 120.72% and total cumulative return in cash reaches $83,996. For financing, Ziffy Mortgage’s DSCR program evaluates $1,455/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1957

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled at 718 Longfellow Rd this inviting home offers a harmonious blend of comfort and convenience. Imagine sunlit mornings in the sunroom, a tranquil space to begin each day with serenity. The kitchen featuring cooktop stove, offers a practical space for preparing meals. Stepping outside, the patio and outdoor living space extend the home's embrace, providing ample room for relaxation and gatherings. This single-family residence offers approximately 1800 square feet of living area, thoughtfully arranged with three bedrooms, one full bathroom, and two half bathrooms and separate laundry room. The property rests on a generous 13300 square foot lot. Constructed in 1957, this brick ranch presents a blend of classic charm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46011, Anderson, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,568 (100%)
Owner Occupied HU	5,630 (74.4%)
Renter Occupied HU	1,398 (18.5%)
Vacant Housing Units	540 ( 7.1%)
Median Home Value	$208,834
Average Home Value	$250,280